Chinese HRC exports stay strong as South Korea accepts higher offer prices

China's HRC export prices stayed strong over the past week, as sales in the domestic market maintained healthy profit margins and tight supplies in South Korea meant buyers there were willing to accept higher offers.

Metal Bulletin’s price assessment for October/November shipments of commercial-grade, boron-containing SS400 HRC was $575-600 per tonne fob for the week ending Tuesday September 12, up by $20-30 per tonne from a week ago.
South Korean buyers accepted higher prices in the middle of last week, which increased the liquidity in China’s export market, sources said.

Cargoes to South Korea were confirmed at $595 per tonne cfr earlier last week and a cargo of 8,000-10,000 tonnes was reported at $603-606 cfr later last week, according to market...

Published

Gladdy Chu

September 12, 2017

10:17 GMT

Shanghai